- INTRODUCTION
Active Business Club (hereinafter referred to as ” Active Business Club”), in its commitment to innovation and creation of businesses, announces the Business Pitching of Southeast Summit 24 – Jakarta.
The aims of Active Business Club include strengthening the entrepreneurial ecosystem and promoting entrepreneurship.
The aim of this initiative is to display entrepreneurial talent to the international and domestic investment community, as well as to corporations seeking innovation, encouraging contact between them for potential investment, commercial or strategic agreements, as well as promoting Startup or Businesses participating in the event.
The Active Business Club serves as a conduit for generating opportunities by uniting participants in the entrepreneurial landscape. It acts as a nexus for burgeoning Startup or Businesses, predominant international investors, and corporations devoted to innovation. This professional tool fosters interaction and the birth of business prospects by providing Startup or Businesses with visibility, financial access, and strategic partnerships, while offering corporations innovation and investors a consistent deal flow. Essentially, it is a realm where business, innovation, and investment materialize.
The Southeast Summit – Jakarta 2024 is organizing the Startup Competition, with the terms and conditions outlined in this document governing the holding of the event.
- PURPOSE
The purpose of this competition is to select 20 projects for submission as part of Southeast Summit – Jakarta 2024, which will take place on March 3rd, 2024.
The projects will be chosen based on several criteria, including their innovative approach, feasibility, scalability, team, and appeal to potential investors.
- PARTICIPANTS
This competition, organized as part of Southeast Summit – Jakarta 2024, is aimed at all those projects that are at an early stage of development (hereinafter referred to as “Early Stage”) and those that are more consolidated (hereinafter referred to as “Growth”). The competition is open to all entrepreneurs of legal age, whether they be natural or legal persons, and whatever their nationality.
The Startup Competition imposes no geographic restrictions on participation, thereby welcoming both local and international Startup or Businesses to engage this year, subject only to the requirements stipulated in Section 4 of this document.
The participant affirms that all data/information submitted to Southeast Summit 2024 is their own, not derived from a third party, and is true, accurate, and correct to the best of their knowledge.
- REQUIREMENTS
In order to respect the different business initiatives and projects participating in the Startup Competition, the heads of those selected agree to attend Southeast Summit – Jakarta 2024 on the days assigned to them as specified in Section 2 of this document.
The participation in the Startup Competition implies acceptance of the whole contents of these Terms and Conditions. Refusal to accept any element of these Terms and Conditions results in ineligibility to participate in the Startup Competition.
Applications must contain the following information:
Online registration form available at the Southeast Summit 2024 website (southeastsummit.id). Applicants must complete in English all sections required as mandatory on the form. The form can also be completed in Bahasa, but applications submitted in this language will not be evaluated by foreign members of the evaluation committee and therefore have limited international business and investment opportunities.
- SELECTION PROCESS
The submission of projects will start on 05/02/24 and end at 23:59 on 20/02/24 (Jakarta Time), with the possibility of extending this deadline if Southeast Summit 2024 considers it necessary.
The selection criteria to be used for the selection of the 20 Startup or Businesses are as follows:
- Innovation: The degree of innovation and distinguishing innovative aspects.
- Scalability: The potential for the startup to grow and expand its operations or impact.
- Feasibility: technically and commercially feasible projects.
- Team: The skills, experience, and dedication of the team members involved.
- Investable: interesting project for investors, financial institutions and/or companies.
The Selection Committee, designated by Active Business Club, will consist of an international network of investors, entrepreneurs, and specialists across diverse industries. This committee will assess all projects, selecting those that achieve the highest evaluations.
The list of selected participants will be announced in the last week of February 2024, with individual notifications being sent to those chosen via email.
The 20 selected Startup or Businesses will have access to the Startup Package, which includes:
- 3-minute Pitch on stage at Southeast Summit – Jakarta 2024.
- Access to top-tier international investors, media and innovation leading corporations at Southeast Summit – Jakarta 2024 at a discount price.
- Mentoring program by remarkable business mentors.
- 1:1 meetings and matchmaking services with investors and big corporations.
- SELECTION OF STARTUP COMPETITION WINNERS
The international and national investors, partners and specialists that form the Jury will select the Startup or Businesses that will receive the awards.
The 3 prizes are:
- Most Impactful Startup
- Most Scalable Startup or Business
- Most Disruptive Startup or Businesses
- ACCEPTANCE OF TERMS AND CONDITIONS
In order to respect the different initiatives and business projects participating in the Competition, those responsible for the former that are selected agree to attend Southeast Summit – Jakarta 2024 on the days assigned to them.
All employees, shareholders, and service providers of Active Business Club are explicitly barred from participating in this Promotion, as are the employees of companies involved in the development and/or execution of this Competition.
Moreover, Active Business Club reserves the unilateral right, without prior notice, to exclude any participant from the Competition, particularly in instances where it suspects or identifies attempts to defraud, manipulate, and/or hinder, either directly or indirectly, the smooth and proper conduct of this Competition.
Both the initial Selection Committee and the Jury designated for various phases of the Startup Competition possess the authority to interpret and supplement the Terms and Conditions of this competition. Their decisions will be conclusive and not subject to appeal.
Failure to accept any of the terms and conditions of the legal rules of this Promotion will result in participants forfeiting any right to claim prizes that may have been awarded to them through their participation in this Promotion.
Participation in the Startup Competition involves acceptance of all aspects of these Terms and Conditions. Refusal to accept any part of these Terms and Conditions results in non-participation in the Startup Competition and, should one be selected and/or win a prize, the automatic renunciation of said prize.
- INTELLECTUAL PROPERTY
All participants entering the Startup Competition assert that they possess adequate ownership of intellectual property rights (including trademarks, etc.), programs, and/or content encompassed in their proposals. By accepting this Legal Notice, they declare that they do not violate any intellectual property right or any other rights that a third party might possess in Indonesia or internationally concerning the contents. Furthermore, they exempt Active Business Club from any responsibility pertaining to the use of the aforementioned programs and/or content.
Specifically, and in relation to the content and images that participants may make public during the Competition, the latter guarantee and are liable to Active Business Club and third parties for the following aspects:
Participants affirm that they are the legitimate owners or rights holders, thereby granting Active Business Club the license for their publication and, when applicable, have obtained the requisite consent from third parties to do so.
They ensure compliance with applicable laws, including but not limited to, those related to the right to privacy, image and/or honor, intellectual, industrial, or comparable property rights, and do not infringe upon any third party’s rights, whether an individual or an entity.
In the unlikely event that they publish personal details about another person while the competition, they should have previously obtained their consent for the publication.
The participant will therefore be liable to Active Business Club for the accuracy of the details reported, ensuring that they do actually correspond to them and not to a third party, holding Active Business Club harmless from any demand or claim that, if applicable, could be made by third parties in relation to the above statements, and any legitimate right to the content that is published and/or provided to Active Business Club as part of the Competition.
Participants are, in all cases, solely responsible for the consequences, damages, or actions arising from the use of the content and/or programs included in their proposals, as well as their reproduction and dissemination.
Intellectual and/or industrial property for initiatives and projects submitted in the “Startup Competition” will – where appropriate in each case – belong exclusively to participants who submitted them.
- CONFIDENTIALITY
Throughout the Startup Competition, confidentiality will be maintained regarding the ideas and/or projects submitted by participants; organizers may only disclose, at any time and through any means, the general characteristics of these, as well as the names of the ideas and/or projects and those of the participants, and, especially, the winners.
10. ADVERTISING
The participants of “Startup Competition”, and in particular the winners, expressly authorize Active Business Club, without limits to territory or deadline, having accepted these rules, to set, reproduce, publish and use their name, image and voice and the general characteristics and name of the ideas or projects presented in all written, spoken and signed forms, in any way, through any means and in any format, always respecting the contents of the Intellectual Property and Confidentiality sections of this document, as long as the purposes are for advertising, informative and/or promotional with regards to Startup
Competition or Southeast Summit – Jakarta 2024, with no right to compensation.
Networking at “South Summit”
For the holding of the Southeast Summit – Jakarta 2024, a Networking tool will be activated on this website. This tool, upon their authorization, will permit attendees to share the data they provide during this registration process with other participants, and likewise access the data shared by them.
In view of the above, those who wish to will be able to authorise their data to be shared through the mechanism provided for such a purpose in the registration process at the aforementioned event and will be able to withdraw this consent at any time through the process stated in the Privacy Policy section of this document.
Southeast Summit Platform
Active Business Club will host a South Summit platform, a digital arena designed to enhance interactions among players in the innovation ecosystem—Startup or Businesses, partners, corporations, and investors—who participate in the South Summit. Descriptions of areas or sectors of interest, along with details of participants and entrepreneurial projects that add value to these domains, will be published on the platform. Consequently, partners will have the ability to view information and data pertaining to the participating Startup or Businesses.
Moreover, this provides entities in the innovation ecosystem with an opportunity to connect. Individuals registering for the “Startup Competition” through the Active Business Club website https://activeclub.id/ can give their authorization, utilizing the mechanism provided during the registration process, with the intention of completing their pre-registration as a platform user and sharing information about the startup and its founding team. This will also involve sharing minimal personal identification details (name, surname, contact phone number, email, public links to their social media) for participation in the aforementioned event with the competition’s partners. Participants can retract this consent at any point through the procedure outlined in the Privacy Policy section of this document.
- PRIVACY POLICY AND DATA PROTECTION
In accordance with the General Data Protection Regulation, and in particular in compliance with the provisions of the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (henceforth, the “General Data Protection Regulation” or “GDPR”) and of the Indonesian
participants of Startup Competition are informed that the controller of their personal data is Active Business Club (henceforth, ” Active Business Club “) and with business address at
-Email: info@activeclub.id
-Phone: +62 855 7232 027
-Website: https://activeclub.id/
Active Business Club will process your personal data, gathered through the registration or sign-up forms for the Startup Competition available on our website, with the aim of managing your participation in the Startup Competition. This also includes managing communication with the competition winner to facilitate the awarding of the prize and to publish their name and image on our website and in other media formats. Additionally, your personal data may be utilized to manage the dispatch of content through the Newsletter service, should you expressly authorize us to do so on the pertinent registration forms.
The personal data the participants provide to Active Business Club must always be accurate and complete. In the event they are false, Active Business Club reserves the right to withdraw any prize won by the participant at any time.
Personal data may be disclosed to collaborative, promotional or organizational entities and other participants in the competition, (“Partners”) of Active Business Club, for the purpose of promoting your company and contacting you due to the interest generated as a consequence of your participation in the competition. In the event these collaborative entities are located outside Indonesia, an international transfer of data will take place, which would be carried out, in any case, with the due legal guarantees.
Furthermore, you are informed that according to the Indonesian Code of Commerce, your personal data may be stored with us.
Lastly, you are informed that you may exercise your rights of access to and rectification or erasure of personal data, the right to data portability, the right to object and, where applicable, to not be subject to decision-making based on automated processing, including profiling, by sending a written communication via email to info@activeclub.id, with the reference “Exercise Rights”, your request accompanied, if necessary, by a copy of your national identity document or equivalent identification document. If your personal rights have not been appropriately met, you may file a complaint with the competent supervisory authority, in this case, the Indonesian Data Protection Agency.
In any case, failure to provide the required personal data may result in the impossibility of participating in the competition.
- MODIFICATIONS AND CANCELLATIONS
Active Business Club reserves the right to modify these Terms and Conditions at any time, including altering the prize and/or its potential cancellation before the anticipated resolution date, provided there is a justified cause. The organization commits to publishing these modifications through their website.
Additionally, if participants wish to make any modifications or cancellations related to the information provided, they must communicate these changes to the email address info@activeclub.id.
- LAW AND JURISDICTION
These Terms and Conditions are governed by Indonesian law and the participants and the organizer, expressly waiving any other jurisdiction, are subject to the Courts and Tribunals of the city of Jakarta for any dispute arising between the parties.